Share price of Indian Hotels jumps as Sensex drops 245.58 points
Indian Hotels Company Ltd. gained 0.58 per cent to Rs 709.0 at 11:51AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 712.3 and low of Rs 702.9 so far during the session. The stock had closed at Rs 704.9 in the previous session.
The counter has had a total traded volume of 15810 shares so far with a value of Rs 1.11 crore on the NSE. It traded at a price-to-earnings multiple of 78.39 and a price-to-book ratio of 8.9.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 71.01 per cent during the past one year, while the 30-share index advanced 20.53 per cent during the same period.
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